Property Summary: 401-54 Maryland Street, Winnipeg
Key Characteristics & Appeal
This is a 2017-built unit with 815 sqft of living space. What stands out most is its age and assessed value relative to its surroundings. Built in 2017, it ranks #1 on its street and #1 in the Wolseley neighbourhood for newer construction—an unusual position in an area known for older character homes. The assessed value of $237k also tops the street (ranked #1 out of 42) and sits well above the neighbourhood average of $145.8k, though it remains slightly below the citywide average for comparable homes.
The living area is 815 sqft, which is slightly above average for the street and neighbourhood but below the Winnipeg citywide average of 1,042 sqft. In practical terms, this unit is compact but efficient—competitive locally, not generous by broader standards.
Appeal and buyer fit: This property suits someone who values newer construction in a mature, established neighbourhood. Wolseley is known for its older homes, tree-lined streets, and walkable character. A 2017 build here is rare, which means lower maintenance and modern finishes in a setting that typically demands renovation work. It would likely appeal to first-time buyers who want something move-in ready without sacrificing neighbourhood charm, or to investors looking for a low-turnaround rental in a desirable area. It’s less suited to someone seeking maximum square footage or a detached house.
Frequently Asked Questions
1. How does this property compare to similar nearby homes on a map?
You can view the property on a map alongside nearby houses to compare year built, living area, assessed value, and lot size using the neighbourhood analysis page linked at the bottom of the original listing.
2. The living area is below the city average. Will that feel small?
At 815 sqft, it’s compact but typical for a condo or apartment-style unit. Within the street and neighbourhood, it’s around average or slightly above. The smaller footprint is balanced by the fact that the building is newer, so the layout is likely more efficient than older units of the same size.
3. Why is the assessed value so much higher than the neighbourhood average?
The unit was built in 2017, while most homes in Wolseley date to the 1930s–1960s. Newer construction generally commands a higher assessment due to modern materials, systems, and finishes. The assessed value reflects that premium, not necessarily that the unit is larger or more luxurious.
4. What do the rankings (e.g., “Top 2%”) actually mean?
These rankings compare this property to other comparable homes—first on the same street, then within the neighbourhood, then across Winnipeg. A “Top 2%” rank means it scores higher than 98% of comparable homes in that category. The bar and gradient graphics on the listing show how far above or below the median benchmark it sits.
5. Is the unit part of a larger building or a standalone property?
The address (401-54 Maryland Street) and the 815 sqft living area suggest a multi-unit building, likely a condo or apartment. The detailed property page or neighbourhood analysis should clarify whether this is a strata unit, a condo, or part of a complex.